Wednesday, 1 April 2015
Last updated 2 hours ago
Mar 17 2008 | 12:27pm ET
Hedge funds rebounded last month as the Credit Suisse/Tremont Hedge Fund Index gained 1.61% in February with most hedge funds strategies reporting positive performance.
Six out of 10 hedge fund sectors were in positive territory last month with global macro and managed futures funds leading the way gaining 4.11% and 6.61%, respectively.
On the downside, convertible arbitrage and dedicated short traders lost 1.29% and 0.89%, respectively.
“Although February showed marked improvement from January, global markets continued to fall amidst rising inflationary pressures and slowing economic growth,” said Oliver Schupp, president of Credit Suisse Index Co.
“The S&P 500 Total Return Index fell -3.25% compared to -6.00% for January, while the MSCI Emerging Markets Index returned 9.49% for February. Although the federal funds rate did not change, economic indicators suggested that continued turbulence in the market remains.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…